Now the question is did we move any beans through exports ??
Inspections will mater today
Par none the PNW has the cheapest bean in the world to the world's biggest bean customer.
So did they buy beans or shun us again
Something extraordinary is going to need to happen. Every measure of bean stocks are at record highs and another large SA crop on its way.
You need to be careful of "bullish against expectations" and bullish. That last report wasn't bullish. Decreasing production and increasing ES is not bullish.
remember one thing Jim it takes two large crops to satisfy the appetite of the world.
No argument there, but unless something happens, we are going to see in beans and corn what we saw in crude. The market is going to influence farmers to over-produce until something happens on the demand side and we will be looking at $7 beans.
I think the story will be weather the gap holds or not if it holds for three days its a break away gap, if not could cool things off a bit.